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Learn How Successful Day Traders Overcome Emotions

Posted By On 3/30/2009 09:58:00 PM Under

1. Emotions play a great role in making one a successful day trader and thus one has to make sure that one is calm and poise during the time of trading. If one is not able to achieve these factors than one can be over-trading, reactive or undertaking the emotional trading to disaster.

2. One has to consciously make an effort to clear the mind of the past experiences which can aslo be ascribed as emotional clearing which may be casting the emotional pain for a day trader. For eg one may have seen a relative or a friend losing money and thus this the fear, panic, and dread is reactivated at the time when one is undertaking the day trading and as a result one may not be able to pull the trigger due to sub conscious fear. Remember that emotional memory of fear clouds an individual judgment and as a result one may over-trade or enter in bad set ups.

3. One can check out the techniques for emotional clearing by Joe Vitale who has explained the same in his book Zero Limits or can read the book Core Transformation: Reaching the Wellspring Within by Connirae Andreas

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